3-bedroom flat · NE34 0QL
Listing removedListed 49 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this charming upper flat located on Richmond Road in the heart of South Shields. This delightful property boasts three generously sized bedrooms and is offered furnished.
As you step inside, you are greeted by a cosy reception room, ideal for relaxing after a long day. The apartment features a well-maintained bathroom, ensuring your comfort and convenience.
One of the highlights of this property is the private rear yard, offering a tranquil outdoor space where you can enjoy a morning coffee or host gatherings with friends and family.
With its spacious layout and desirable location, this apartment on Richmond Road presents a fantastic opportunity for anyone looking to settle in South Shields.
Don't miss out on the chance to make this property your own and enjoy the convenience of city living in a comfortable and inviting setting.
Entrance Hall Lounge Kitchen Bathroom Bedroom One Bedroom Two Bedroom Three External Disclaimer - Lettings We require One months rent in advance = £650 One months rent as a damage deposit = £650 To hold this property from other viewings while references are carried out we require one weeks rent as a holding deposit.
The particulars on these properties are set out as a general guidance for intended for tenants contracts The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
Tenants should not rely on them as statements of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
Items shown in photographs are not included unless specifically mentioned within the particulars. Measurements have been taken using a laser distance meter and may be subject to a margin of error.
For further information see the Consumer Protection from Unfair Trading.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 16, Richmond Road, South Shields
Explore nearby